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Gem Aromatics IPO Allotment: The Rs 451-crore initial public offering (IPO) of Gem Aromatics Ltd concluded on a strong note, with the issue subscribed 30.45 times during its three-day bidding window that ended on August 21. The share allotment is expected to be finalised today, August 22, while the tentative listing date is August 26 on both the BSE and NSE.

According to exchange data, the issue saw bids for 29.59 crore shares against a total offer size of 97.19 lakh shares. The Qualified Institutional Buyers (QIB) category drew the strongest interest, with a subscription of 53 times. The Non-Institutional Investor (NII) segment was subscribed 45 times, while the retail investor quota was booked 10.49 times.

The IPO was priced in a band of Rs 309–Rs 325 per share.

Gem Aromatics plans to utilise approximately Rs 140 crore from the net proceeds to repay or prepay certain borrowings of the company and its wholly-owned subsidiary Krystal Ingredients Private Limited. The remaining funds will go towards general corporate purposes. As of June 2025, the total borrowings stood at Rs 259.8 crore.

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Founded over two decades ago, Gem Aromatics is a leading domestic manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives. Its products are used across multiple industries such as oral care, personal care, cosmetics, pharmaceuticals, nutraceuticals, pain management, and wellness.

With three manufacturing facilities, the company offers more than 70 products under four key categories:

Mint and mint derivatives

Clove and clove derivatives

Phenol

Other synthetic and natural ingredients

During FY2025, Gem Aromatics was among the largest Indian processors of DMO, clove oil, eugenol, and eucalyptus oil, by volume. It also held a 65 per cent market share in eugenol and 12 per cent in DMO.

IPO applicants can check the Gem Aromatics IPO allotment status through:

Kfin Technologies (Registrar):

Visit: https://ipostatus.kfintech.com

Select ‘Gem Aromatics’ from the dropdown

Enter PAN, application number, or demat account ID

Click 'Submit' to view allotment status

NSE Portal:

Go to: https://www.nseindia.com

Select IPO name, enter PAN or application number

Submit to see the status

BSE Website:

Visit: https://www.bseindia.com

Navigate to ‘Status of Issue Application’

Choose Equity under ‘Issue Type’

Enter required details including PAN and IPO name

Click ‘Search’

Motilal Oswal Investment Advisors was the sole book-running lead manager to the issue.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.